The promoter group was given warrants worth Rs 82 crore, while the remaining Rs 68 crore worth of warrants were allotted to other investors. SAR Televenture, a provider of integrated telecom infrastructure solutions, plans to use the proceeds to strengthen its working capital to support operational scale. It will also use a portion of the proceeds to fund capital expenditures of the company and its subsidiaries.
A company releases further claims and uses the proceeds to fuel expansion initiatives for telecom infrastructure services and increase financial flexibility to pursue emerging opportunities.
“This fundraising will support capacity expansion and further enhance the company’s ability to execute large-scale telecom projects,” the press release said.
Founded in 2019, SAR Televenture offers services to build next-generation digital and telecom infrastructure across India. As an IP-I registered company with the DoT, it provides 4G/5G tower deployment, FTTH and OFC networks, enterprise connectivity and broadband solutions, the release said. The company also offers smart connectivity solutions including IoT systems, home automation, access control, CCTV and energy management. The UAE subsidiary adds capabilities in fiber optic cable laying and network equipment supply.
Commenting on the fundraising, the company’s Managing Director Rahul Sahdev said he was pleased with the strong support from Founder Collective’s other investors, Choice. “The Promoter Group’s substantial contribution of nearly Rs 82 crore underlines deep confidence in our strategy. This fundraise of Rs 208.46 crore will significantly strengthen our working capital, support subsidiary CAPEX and accelerate operational expansion. We believe this capital infusion positions Sar Televenture for sustainable growth and long-term value creation,” Sahdev added.
The company reported revenue from operations of Rs 349.93 crore in FY25, while earnings before interest, taxes, depreciation and amortization (EBITDA) stood at Rs 55.39 crore with a margin of 15.83%, and a net profit of Rs 46.90 crore.
Listed on the NSE Emerge platform on November 8, 2023, the stock has been a year-long laggard with its share price down 23%. However, there is a recovery, with a return of 36% in the past three months.
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